News about Iran

Israel views Iran as an existential threat on account of Tehran's rhetoric, its support for proxy forces in the region, and its arming and financing of Palestinian groups such as Hamas. In some cases, proxy groups evolved into political parties, a transition that was both encouraged and nurtured by Iran.

Iran remains a major international oil supplier, and it also sits on the Strait of Hormuz, a heavily trafficked waterway in the Persian Gulf that is a key transit channel for about one-fifth of the world's oil supply.

Oil Reserves in Iran Iran holds 157,530,000,000 barrels of proven oil reserves in the world as of 2016, ranking #4 in the world and accounting for about 9.54% of the world's total oil reserves of 1,650,585,140,000. Iran has proven reserves equivalent to 239.2 times its annual consumption levels.